IVP Ltd

IVP Ltd

₹ 166 -1.60%
22 Apr 12:55 p.m.
About

Incorporated in 1929, IVP Ltd is in the business of Chemical Manufacturing and Distribution[1]

Key Points

Business Overview:[1]
IVPL is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified Company. It was originally part of the TATA Group but later got acquired by the Allanas. Company manufactures value added chemicals for diverse industrial applications

  • Market Cap 171 Cr.
  • Current Price 166
  • High / Low 290 / 131
  • Stock P/E 10.7
  • Book Value 119
  • Dividend Yield 0.90 %
  • ROCE 15.3 %
  • ROE 17.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 114 days to 90.9 days

Cons

  • Contingent liabilities of Rs.84.5 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
90.23 118.05 77.39 148.84 156.96 173.39 162.17 167.19 156.14 175.45 139.58 141.97 122.33
81.39 110.24 74.50 140.98 145.53 160.59 154.01 160.17 146.50 160.62 134.69 132.95 117.24
Operating Profit 8.84 7.81 2.89 7.86 11.43 12.80 8.16 7.02 9.64 14.83 4.89 9.02 5.09
OPM % 9.80% 6.62% 3.73% 5.28% 7.28% 7.38% 5.03% 4.20% 6.17% 8.45% 3.50% 6.35% 4.16%
0.66 0.69 1.00 0.83 0.74 0.85 0.64 5.09 9.19 0.82 0.76 0.75 0.69
Interest 1.59 1.74 2.27 2.44 2.45 2.78 2.80 3.38 3.12 2.94 2.61 2.23 2.00
Depreciation 1.28 1.25 1.26 1.28 1.29 1.29 1.28 1.32 1.31 1.29 1.36 1.38 1.40
Profit before tax 6.63 5.51 0.36 4.97 8.43 9.58 4.72 7.41 14.40 11.42 1.68 6.16 2.38
Tax % 34.54% 32.30% 22.22% 25.75% 24.32% 24.01% 25.85% 22.94% 28.68% 25.22% 29.17% 24.68% 28.15%
4.34 3.73 0.28 3.69 6.38 7.28 3.50 5.71 10.27 8.54 1.19 4.64 1.71
EPS in Rs 4.20 3.61 0.27 3.57 6.18 7.05 3.39 5.53 9.95 8.27 1.15 4.49 1.66
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
154 151 146 163 155 161 270 320 229 290 557 661 579
145 145 142 153 140 144 249 310 229 273 521 621 546
Operating Profit 9 6 4 11 15 17 21 9 -0 16 35 40 34
OPM % 6% 4% 3% 7% 9% 11% 8% 3% -0% 6% 6% 6% 6%
1 1 2 1 5 1 1 2 2 2 3 16 3
Interest 0 0 0 1 0 0 3 8 10 7 10 12 10
Depreciation 1 1 1 1 1 1 3 3 5 5 5 5 5
Profit before tax 8 5 4 10 18 17 16 0 -13 7 23 38 22
Tax % 22% 29% 41% 34% 42% 36% 37% -1,107% 33% 33% 24% 26%
6 4 2 7 10 11 10 3 -9 4 18 28 16
EPS in Rs 5.85 3.57 2.38 6.71 10.09 10.47 10.06 3.27 -8.35 4.36 17.07 27.13 15.57
Dividend Payout % 26% 42% 42% 30% 20% 19% 20% 31% 0% 23% 9% 6%
Compounded Sales Growth
10 Years: 16%
5 Years: 20%
3 Years: 42%
TTM: -12%
Compounded Profit Growth
10 Years: 17%
5 Years: 12%
3 Years: 61%
TTM: -7%
Stock Price CAGR
10 Years: 16%
5 Years: 8%
3 Years: 17%
1 Year: 26%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 16%
Last Year: 18%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 39 41 42 45 52 63 71 71 61 65 81 108 113
4 4 4 4 0 14 78 143 99 122 157 120 90
38 36 35 34 42 47 88 50 49 106 122 145 108
Total Liabilities 91 91 91 93 105 134 247 275 220 304 371 384 321
16 16 15 15 16 35 41 59 84 79 77 73 73
CWIP 1 0 0 0 1 2 17 26 0 0 0 2 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
74 75 75 78 88 96 188 189 136 224 293 309 247
Total Assets 91 91 91 93 105 134 247 275 220 304 371 384 321

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 2 3 5 15 5 -30 -27 56 -14 -21 41
-1 -1 -0 -3 0 -24 -28 -28 -5 -0 -3 10
2 -2 -2 -2 -7 7 58 54 -54 16 23 -51
Net Cash Flow 5 -1 0 0 8 -11 -0 -0 -3 1 -1 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 127 129 134 135 131 135 144 140 147 175 137 115
Inventory Days 36 38 43 32 63 80 103 68 62 118 63 61
Days Payable 60 54 53 44 69 78 109 61 91 162 89 89
Cash Conversion Cycle 102 113 124 123 126 137 138 147 118 131 110 86
Working Capital Days 81 90 98 93 87 104 122 149 124 139 112 91
ROCE % 16% 11% 7% 19% 24% 23% 16% 5% -1% 7% 15% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32% 71.32%
0.00% 0.00% 0.00% 0.15% 0.12% 0.00% 0.00% 0.00% 0.00% 0.01% 0.04% 0.00%
0.03% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28.31% 28.66% 28.66% 28.51% 28.55% 28.67% 28.66% 28.66% 28.67% 28.66% 28.63% 28.66%
No. of Shareholders 4,0473,3023,5275,2925,2855,3615,4905,3705,0125,1137,0376,837

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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